National Bank of Canada FI Has $69.99 Million Holdings in The Travelers Companies, Inc. (NYSE:TRV)

National Bank of Canada FI increased its position in shares of The Travelers Companies, Inc. (NYSE:TRV) by 45.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 365,739 shares of the insurance provider’s stock after buying an additional 114,840 shares during the period. National Bank of Canada FI owned 0.16% of Travelers Companies worth $69,990,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC boosted its stake in shares of Travelers Companies by 124.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 13,775 shares of the insurance provider’s stock worth $2,660,000 after acquiring an additional 7,649 shares during the period. Worth Asset Management LLC bought a new position in Travelers Companies during the fourth quarter worth $2,201,000. Nordea Investment Management AB increased its holdings in shares of Travelers Companies by 7.2% in the fourth quarter. Nordea Investment Management AB now owns 246,837 shares of the insurance provider’s stock valued at $46,919,000 after purchasing an additional 16,580 shares during the last quarter. DNB Asset Management AS raised its position in shares of Travelers Companies by 53.5% in the fourth quarter. DNB Asset Management AS now owns 69,503 shares of the insurance provider’s stock valued at $13,240,000 after purchasing an additional 24,230 shares during the period. Finally, Raymond James Financial Services Advisors Inc. lifted its stake in shares of Travelers Companies by 25.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 92,045 shares of the insurance provider’s stock worth $17,534,000 after buying an additional 18,485 shares during the last quarter. Institutional investors and hedge funds own 82.45% of the company’s stock.

Insider Buying and Selling at Travelers Companies

In related news, CFO Daniel S. Frey sold 38,000 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the completion of the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CFO Daniel S. Frey sold 38,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $212.55, for a total value of $8,076,900.00. Following the sale, the chief financial officer now directly owns 14,810 shares in the company, valued at $3,147,865.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael Frederick Klein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $213.96, for a total transaction of $2,139,600.00. Following the transaction, the executive vice president now owns 22,798 shares of the company’s stock, valued at approximately $4,877,860.08. The disclosure for this sale can be found here. In the last ninety days, insiders sold 56,635 shares of company stock worth $12,057,727. 1.33% of the stock is currently owned by company insiders.

Travelers Companies Price Performance

NYSE:TRV traded down $0.52 on Friday, hitting $213.85. The company had a trading volume of 1,298,445 shares, compared to its average volume of 1,525,222. The firm has a 50 day moving average of $220.82 and a two-hundred day moving average of $200.58. The stock has a market capitalization of $48.97 billion, a price-to-earnings ratio of 15.89, a PEG ratio of 1.11 and a beta of 0.60. The Travelers Companies, Inc. has a 52 week low of $157.33 and a 52 week high of $232.75. The company has a current ratio of 0.34, a quick ratio of 0.34 and a debt-to-equity ratio of 0.32.

Travelers Companies (NYSE:TRV) last issued its earnings results on Wednesday, April 17th. The insurance provider reported $4.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.75 by ($0.06). The firm had revenue of $11.23 billion during the quarter, compared to analyst estimates of $10.62 billion. Travelers Companies had a return on equity of 13.94% and a net margin of 7.32%. Travelers Companies’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the previous year, the company earned $4.11 EPS. On average, research analysts anticipate that The Travelers Companies, Inc. will post 17.71 earnings per share for the current year.

Travelers Companies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 10th will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 1.96%. This is a positive change from Travelers Companies’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Friday, June 7th. Travelers Companies’s payout ratio is presently 29.72%.

Analyst Ratings Changes

TRV has been the topic of several research analyst reports. Jefferies Financial Group lowered their price target on shares of Travelers Companies from $222.00 to $219.00 and set a “hold” rating on the stock in a report on Friday, April 19th. The Goldman Sachs Group lifted their price target on Travelers Companies from $186.00 to $212.00 and gave the stock a “sell” rating in a report on Friday, April 12th. JMP Securities reaffirmed a “market perform” rating on shares of Travelers Companies in a report on Friday, April 19th. Royal Bank of Canada dropped their target price on Travelers Companies from $230.00 to $225.00 and set a “sector perform” rating for the company in a report on Thursday, April 18th. Finally, TD Cowen lowered their price target on shares of Travelers Companies from $261.00 to $252.00 and set a “buy” rating on the stock in a research report on Tuesday, April 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Travelers Companies currently has an average rating of “Hold” and an average target price of $223.47.

Travelers Companies Profile

The Travelers Companies, Inc, through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally. The company operates through three segments: Business Insurance, Bond & Specialty Insurance, and Personal Insurance.